Billionare David Tepper's hedge fund firm, Appaloosa Management, celebrated its 20th anniversary in 2013 and it's turning into a year to remember for the former Goldman Sachs trader. Tepper's big Palomino hedge fund posted net returns of 37.86% through the end of November...The Standard & Poor's 500 index returned 29.1% this year through November. [Forbes, Related: David Tepper Has A Message For Jon Corzine]
David Tepper Completes 5-Year, 11k Square Foot, Multi-Million Dollar Effort To Tell Jon Corzine "You Can't Hurt Me Anymore"
The hedge fund manager and billionaire is safe now.
Ginormous Tax Savings Just A Happy Byproduct Of David Tepper's Move To Florida
So that's nice for him.
Steve Cohen Did Pretty Well For Himself Last Year
The end of 2012 might've been a tough one for the SAC Capital founder, what with the matter of a former employee being accused of orchestrating “the most lucrative insider trading scheme ever," being referenced in the complaint as Portfolio Manager A, and ultimately being forced to show the softer side of Steve but the Big Guy still managed to take home $1.3 billion, so he's got that going for him.